What we're seeing is an increase in the manufacturing sector, ... The manufacturing sector has been very weak for the last year and a half -- since the Asian (financial) crisis. Now, that sector seems to be recovering.
As alarming as this is -- and the trend is certainly not very favorable -- it's not like it was in the last recession.
As long as the economy moves along, you'll get profits rising steadily ... I don't think this (selling) will last steadily.
The Dow went from 8,360 to 8,420 in the last 45 minutes. That turned the bonds down,
In the context of the PPI released last week, which was much higher than expected, the CPI is a big relief,